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    tre1711's Avatar
    tre1711 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 21, 2014, 05:17 AM
    I haven't claimed all money made while unemployed. Should I do it in one lump sum?
    Unemployment and 1099 didn't claim all money made
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
    		  
    #2

    Dec 21, 2014, 05:20 AM
    Please take an extra minute to explain what you mean. If you are filling out a 1040, and you don't show both, they will get you with taxes, penalties, and interest, but it will take as much as 2 years to sock you with a huge bill.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Dec 21, 2014, 08:15 AM
    Even if there is no paper trail, you are legally obligated to report ALL earned income on your tax return.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Dec 21, 2014, 08:18 AM
    If you earned money, while unemployed, it is a serious crime, not to have claimed it, when receiving unemployment.

    Are you receiving tax records on these incomes?
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